I still canāt believe American banks lets you login with just username / password? Surely there is some id check or at least two factors involved?
Yeah Iām European end my job in accounting makes me have to work with American banks regularly. So letās just say my expectations on American banks are quite low.
Wait, American banks donāt go with extra authentication? I couldnāt log in anywhere without SMS or additional apps or whatever. Depending on your bank you might even have to go through three different stages of authentication. Over the pond you just go username / password?
They do. Itās not as stout as basically anywhere else but 2fa is and has been a thing here for quite some time and specifically as long as Iāve banked Mobile ACC thatās gotta be 5 years+.
Iām honestly not sure where this whole comment chain is coming from , I guess people donāt just ask and instead assume itās not offered. I dunno itās a very weird argument to me since my bank has always had 2fa and alllows third party geolocating 3fa.
Nope, several years ago someone complained that their steam account has better protection then their bank account. Weāre now in 2023 and that statement still holds. Itās quite scary really. Bank websites that heavily rely on third party scripts ,āMFAā logins based on something you know and something you know. Account verification question based on code words or security questions based on public information. Worst of all, the ignorance of it all. āWe got hacked, here have a identity protection bandage, comes with an automatic subscription after several yearsā.
I wanted to use a 2FA device for my banking accounts and no bank that I have spoken to would allow it. Iād had a breach on one account because my information had been leaked from several different places including the federal government and a credit agency and as a result the person used my leaked information to validate their way into my checking account. At that point they let me set up a pass phrase and a couple of other random safeguards. This was all well and good but it didnāt make me feel safer than having that account protected by a physical 2FA device. I was also given more free credit monitoring (which Iāve gotten like 4 or 5 times in the last 10 years or so). Still bugs me to this day.
Hereās the silly thing - most other countries have had a form of 2FA for decades. Yes, decades. Some of the earliest ones used to sent you a printed list of codes and asked you a random code from that list. This was before the Internet even when you had to use a modem to dial in to a bank to transmit your transactions.
Bank of America has two factor and optional 3 three factor integration, what are you talking about?
https://www.eff.org/deeplinks/2016/12/how-enable-two-factor-authentication-bank-america
There are some that do, true, but also a boatload that donāt. In my personal experience, most donāt.